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Data as of: 2026-10-22 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

Rebar (SHFE.RB) In-Depth Analysis Report | Bears in control, watch 3046 support | 2026-10-23

The current rebar (RB2701) direction is clearly bearish. Core logic: the main contract is falling on rising open interest, indicating active short attacks; the top 20 seats' net short positions have expanded sharply to 11,299 lots, and price has broken below the lower edge of the 20-day channel. Although inventories are drawing down, demand has not shown a significant recovery, and weak macro expectations are suppressing valuations. The condition for the direction to be invalidated is a daily close effectively holding above 3079 (pivot P) or a break above 3140 (20-day high).